However, as Geoffrey Dicks at Novus Capital markets pointed out recently, short-term, the correlation with the official data is pretty weak.

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Given all of the factors that contribute to inflation in the short run, this correlation is truly remarkable, but there are near-term deviations in times like this when central banks are fighting deflation trends actively or due to economic swings, currency changes, spikes in oil prices, or other factors.

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First, correlations are not static, and second, low correlation itself does not guarantee a portfolio benefit in the short-term.

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But the correlation is strong enough to suggest a general connection between faulty short-term desire management and bad financial outcomes.

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